Housing affordability is at its lowest level in more than  a decade, according to the National Association of Home Builders (NAHB), and there are few ways to circumvent the rising costs of housing. Mortgage assumption is a niche option that gained momentum in 2023. An assumable mortgage enables a qu

The federally insured reverse mortgage known as a Home Equity Conversion Mortgage (HECM) is unique, as are the rates that impact the HECM product. For this reason, I will provide a short monthly educational focus, followed by a summary of the HECM rate market.Keep in mind that almost all HECMs are a

The Carrington Companies tapped Andrew Taffet as its new CEO. Taffet, who is currently serving as Carrington’s chief investment officer, will continue in that role while succeeding company founder Bruce Rose. Rose will assume the role of executive committee chairman for the Carrington Companies. Taf

New data illustrates a discrepancy between the perception of baby boomers who lose money to financial scams and the actual rate of seniors to fall prey to such bad actors.This is according to the results of a survey conducted by market research firm Ipsos and HomeEquity Bank — Canada’s leading rever